Community Bank Bangladesh

Community Bank Bangladesh PLC.
Company typePublic limited company
IndustryBanking
FoundedNovember 2019 (November 2019) in Dhaka, Bangladesh
HeadquartersDhaka, Bangladesh
Key people
Products
Websitecommunitybankbd.com

Community Bank Bangladesh PLC. was established in November, 2019 as the 59th Scheduled Bank of Bangladesh.[1][2] This bank is fully owned by Bangladesh Police Welfare Trust.[3] Initially, the paidup capital was 400 crore taka with 2,00,000 police personnel as client.[4]

History

On 23 May 2018, Bangladesh Police Welfare Trust applied for a license from Bangladesh Bank to open a bank named Community Bank Bangladesh Limited.[5] The trust is owned by Bangladesh Police. Bangladesh Bank approved the license application of the Bank in October 2018.[6] The Bank was officially listed on 4 November 2018.[7] Finance Minister of Bangladesh, Abul Maal Abdul Muhith, criticised Bangladesh Bank for approving Community Bank Bangladesh, Citizens Bank PLC, Bengal Commercial Bank Limited, and People's Bank Limited.[8] He expressed unhappiness as he believed the banks were approved on political considerations.[8]

Community Bank Bangladesh Limited started its operation on 11 September 2019, inaugurated by the Prime Minister of Bangladesh Sheikh Hasina.[9][10][11]

In November 2021, Masihul Huq Chowdhury was reappointed the managing director of Community Bank Bangladesh Limited.[12]

See also

References

  1. ^ https://www.tbsnews.net/economy/banking/community-bank-aims-be-one-best
  2. ^ "BB approves Community Bank". The Daily Star. 30 October 2018. Retrieved 1 November 2018.
  3. ^ "Central bank approves Community Bank Bangladesh Ltd". banglanews24.com. 29 October 2018. Archived from the original on 11 April 2019. Retrieved 11 April 2019.
  4. ^ https://www.tbsnews.net/economy/banking/community-bank-aims-be-one-best
  5. ^ "Three new banks on the horizon". The Daily Star. 29 May 2018. Retrieved 2 March 2025.
  6. ^ Harmachi, Abdur Rahim. "Bangladesh Bank gives police nod for Community Bank, rejects three other banks". bdnews24.com. Retrieved 11 April 2019.
  7. ^ "Community Bank Bangladesh of police becomes 59th scheduled bank". New Age. Retrieved 11 April 2019.
  8. ^ a b "I am very unhappy". The Daily Star. 2 November 2018. Retrieved 28 November 2022.
  9. ^ Press Information Department (12 September 2019). "PM opens Community Bank Bangladesh". Dhaka Tribune.
  10. ^ "PM opens Community Bank". The Daily Star. 12 September 2019.
  11. ^ "Prime Minister inaugurates Community Bank Bangladesh Limited". Daily Sun. 11 September 2019.
  12. ^ "Masihul reappointed Community Bank MD". The Daily Star. 22 November 2021. Retrieved 28 November 2022.


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